Downbeat Crypto Sector Looks to AI for Rescue

Crypto’s market crash has prompted much soul-searching within the industry, I learned at this week’s annual crypto Consensus conference in Hong Kong. The answer: To stay relevant, the industry must tie its fate with the AI boom.

I find the crypto industry’s hopes for an AI rescue somewhat ironic, given that AI has siphoned capital and talent away from crypto in the last two years. Nevertheless, “AI agent” was the buzz phrase at almost every panel and conversation I attended at Consensus. The theory is that AI agents could power crypto into the next stage of growth.